Time left to apply: End Date: November 16, 2024 (6 days left to apply)
Job Requisition ID: R24463
Job Description
Dear Future Underwriter,
The role requires you to provide an effective and efficient service to clients by obtaining the correct medical and setting of underwriting requirements telephonically, that need to be referred to a Senior Underwriter for sign-off. Facilitation of such requirements related to new and existing business.
Are you someone who can do the following:
- Risk Assessment: Evaluate insurance applications to determine risk levels and eligibility for coverage.
- Policy Issuance: Approve or decline applications based on underwriting guidelines and risk assessment.
- Documentation: Ensure all underwriting decisions are documented accurately and comprehensively.
- Customer Interaction: Communicate with agents, brokers, and customers to gather necessary information and explain underwriting decisions.
- Compliance: Ensure all underwriting activities comply with company policies, industry standards, and regulatory requirements.
- Continuous Improvement: Stay updated with industry trends, regulatory changes, and best practices in underwriting.
- Collaboration: Work closely with other departments such as claims, sales, and customer service to ensure a seamless customer experience.
You will be an ideal candidate if you:
- Education: NQF5 in Short term Insurance, RE5 and FAIS Compliant
- Experience: Minimum of 3 years of experience in personal lines underwriting and 5 years’ experience in Short Term insurance.
- Skills:
- Strong analytical and decision-making skills.
- Excellent communication and interpersonal skills.
- Proficiency in underwriting software and Microsoft Office Suite.
- Attention to detail and ability to work under pressure.
- Knowledge of insurance regulations and industry standards.
You will have access to:
- Opportunities to network and collaborate
- A challenging working environment
- Opportunities to innovate
We can be a match if you are:
- Adaptable and curious.
- Have strong customer service experience.
- Thrive in a collaborative environment.
Are you interested to take the step? We look forward to engaging with you.
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
16/11/24
Introduce Yourself
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About Us
FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa.
The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo, DirectAxis and MotoVantage. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services. The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group.
The group's track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses.
The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.
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